Cryptocurrency - short article about my thoughts on most of the crypto-news articles and FB, Steemit posts, etc.
Hey guys! I have the need to share something with you. If you are new in the cryptocurrency world, it might an eye opening article for you :)
Since I started looking into the cryptocurrency world and acutally stared to do a real money investments into daytrading, buying crypto, mining, I realised what are most of the news in the cryptoworld about.
Its almost always about "something crazy happened and thats why the price went down", or "something crazy happened and thats why the price went up"! its simple as that.... I believe that everybody who is in the crypto currency for at least couple of months is aware of this fact, but it seems that plenty of the new cryptominds who joined us just "lately" are still learning their lessons. For these new ppl is this article and you should learn from it, that its really no needed to share every article about increasing, or decreasing price on this, or that crypto currency if its below 10-15%.
Bit of logic here...
Unless the cryptocurrency is not fundamentally wrong, the prices will go always up from the long-term perspective. Why?... because more and more ppl are trying to get into cryptocurrency, therefore their hardly earned cash is being transfered from FIO to crypto, therfore the price of the main and proven cryptocurrencies has to go up.
Do not mistaken this with a situation, when a cryptocurrency is having something amazing to happen and ppl are selling their other currencies in order to buy this one.
If you would ask me which are my favourite coins, I would say 1. BTC, 2. LTC, 3. DOGE... :)
Your thoughs? :)
I'm new in the CC world ( almost 1 month ), and for now i'm just mining ETH in Genesis.
I bought some LTC, BTC to hold when the prices have fallen 2 days ago and followed the "veteran" advices ... HOLD HOLD HOLD :D
i'm thinking of buying or mining ( dont know yet ) some Zcash and Dash, i'm not an expert but i have a good feeling about them ^^
Any advice ?
hey.. please check my other articles on this topics... i have most of the "beginners" stuff covered there ;)
Hey @dichao, good to see another cryptomind around :) I would suggest you to check my other article, where Im sharing my opinion on getting into mining in June/July 2017 and why its the worst time!
For now, I would suggest you to just simply buy and hold!
I can recommend BTC/ LTC/ DOGE.. these are the currencies I've invested into.
It also depend, for how long you want to hold before collecting the profit. On the long term, I believe its BTC. The new cryptos like ZEC, DASH... they are currently hyped based on news and speculations, but where you can actualy pay something with DASH, ZEC, etc.? I think LTC is much better and wider spread crypto already and BTC is the best for "store of value".
Good luck with your crypto-profits buddy ;)